Boom! Still recovering Norris107 That correction seems a bit oversold now today! We were running a bit hot so the pull back won’t have hurt, showing a great deal of strength again today with a strong finish
Cash Burn If the raise does follow on from a further and value accretive RNS committing us to either a trial or commercial contract. Then I would expect that we can get the fund raise off at a higher value to the sp when it is announced. LTH’s will support that But in that scenario I am expecting a high value raise that will fund the BOO model (build own operate) which is far more value accretive to the company in a shorter timeframe. Good luck here we are not far from our safe harbour and treasure island
ADVN Share Tip Article QFI… It topped at 7.4p before falling below my slice in past week , showing in risers daily around 6p toady .
Cash Burn This is not for those with a nervous disposition. But I do sometimes wonder how a share can rise 100pc in a week and then drop back, based on no negative news. Of course there is a lot of chat on LSE about fund raising and with only enough money to October I can understand why. If you can afford to lose your investment on the hope of greater things, then fair enough. However, I wouldn’t put my house on it.
Cash Burn The company has not changed brokers. Stockdale Securities have simply been absorbed into Shore Capital, but AIM reporting requirements mean that the market has to be notified of a change. The TA indicators were looking very overheated at the close on Friday so a correction was over due. I offloaded some stock last week in anticipation of this correction and will replenish my holding once the correction has completed. Everyone knows that the company needs to raise funds well before cash runs out in October and the board has been very open about its position, but what we don’t know is whether a raise is currently underway or will follow on from another RNS which adds further value to the proposition. You pays your money and takes your chance… Tot
Cash Burn Something is rotten in the state of Denmark!!! Opportunity for a select few to exit??? The market stinks. Mick
Cash Burn Looks like the market is predicting a placing at a lower SP, due to the new broker?
Cash Burn It seems to have fallen back to its previous levels? What gives? Mr P
Cash Burn I don’t see this as a delayed reaction to (all that) news I see this as a dawning on the market that KSA is very much still on (on the shelf) and there is something brewing A timetable is being delivered to We have made plans and incentivised partners to deliver against them KSA is clear, before end September for a commitment to trial our fuel Bring it on!
Cash Burn Sorry, what I meant was no further news that would cause the sudden SP rise. It’s like a delayed reaction lol.
Cash Burn Hardly any news?! Bitumina Kuwait (Hawazin/Aleph) Saudi Arabia project revival (Al Khafrah/Aleph) Morocco (Mr Maamar) Mexico (Redliner/PEMEX) China (API POLY-GCL). It’s been the busiest period of news in QFI’s history.
Cash Burn Well, I think looking back over the recent RNS’s, QFI clearly now has several promising irons in the fire, so sentiment is becoming more positive. That, and there may also have been some leakage about news to come. We were at 12p in a not too dissimilar position. The market is looking forward, not back.
Cash Burn Yes me too. Strange why the sp has jumped on hardly any news . Maybe the podcast that they did a few days ago did the trick
Cash Burn Surprised there hasn’t been more traffic here recently. This could - and should - be a very good year for QFI.
Cash Burn Hope so, though my holding is still under water!